Home Equity Loan & Line FAQs

 Find answers to frequently asked questions about home equity loans and home equity lines of credit (HELOCs). If you don’t see what you’re looking for, check our Help section.

 

General Questions

What is home equity?
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What's the difference between a home equity line of credit and a home equity loan?
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How do you come up with a value for my home?
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Why and when should I use my home equity?
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Is it risky to use my home equity?
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How does a home equity loan or line affect my credit score?
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Home Equity Lines of Credit (HELOCs)

How does a home equity line of credit (HELOC) work?
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What's the difference between a credit card and a home equity line of credit?
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When does the introductory rate on the home equity line of credit start? How long does it last?
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How long does my home equity line of credit stay open?
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How do I access the funds of my home equity line of credit?
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What is the highest rate that a home equity line of credit can have?
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